Annual Report 2017-18

                                                                                              Financial Statements 2018



Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2018

Note 9. Cash and Cash Equivalents
                                                                                                    2018              2017
                                                                                      Notes         $'000             $'000


Cash and Cash Equivalents
Cash and cash equivalents includes cash on hand, all cash and cheques receipted but
not banked at the year end, deposits held at call with financial institutions, other short-
term, highly liquid investments with original maturities of three months or less that are
readily convertible to known amounts of cash which are subject to an insignificant risk
of changes in value, and bank overdrafts.

Cash at Bank and on Hand                                                                              363                 148
Cash Equivalent Assets
 - Deposits at Call                                                                               57,830            47,315
 - Term Deposits                                                                                   6,000            18,000
TOTAL CASH ASSETS AND CASH EQUIVALENTS                                                           64,193            65,463

Restricted Cash and Cash Equivalents
Council's Cash and Cash Equivalents are subject to a number of Internal and
External Restrictions that limit amounts available for discretionary of future use.
These include:
Externally imposed expenditure restrictions at the reporting date relate to the
following cash assets:
Unspent Government Grants and Subsidies                                                               186              602
Unspent Levy Funds                                                                                  6,219            6,378
Unspent Developer Contributions                                                                       717            8,470
Unspent Carbon Tax                                                                                    502              502
Unspent Loan Monies                                                                                     -              598
Total External Restrictions                                                                        7,625           16,550

Internally imposed expenditure restrictions at the reporting date relate to the
following assets:
Future Asset Replacement                                                                            2,702            8,461
Natural Disaster Rehabilitation                                                                     2,396            2,343
Waste Management                                                                                    4,334            3,512
Specific Purpose Recurrent                                                                          1,873            1,941
Total Internal Restrictions                                                                      11,305            16,257

Total Unspent Restricted Cash and Cash Equivalents                                               18,929            32,807

Cash and deposits at call are held in the Commonwealth Bank in a normal business cheque account.
On call accounts are also held with QTC. Deposits at call earned variable interest over varying terms at interest
rates of between 2.20% and 2.86%.

Investments
Term deposits in excess of three months are reported as investments, with deposits of less than three months
being reported as cash equivalents.



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